H1 losses widen but Australian Vintage confident on sales outlook

Australian Vintage has recorded widening half-year losses – citing one-off impacts and exchange rates – and said the company is "on track" to meet its forecast for sales growth across the year as a whole. The wine group booked a net loss of A$21.9m ($15.4m) for the six months to 31 December, compared with a loss of A$473,000 a year earlier. Earnings before interest, tax, depreciation, amortisation and SGARA (EBITDAS) was a loss of A$268,000 versus a positive A$11.1m in the first six months of the previo ...